Page 9 - Hudson Capital News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Message : Required fields NEW YORK, May 18, 2021 (GLOBE NEWSWIRE) Hudson Capital Inc. (NASDAQ: HUSN) (“Hudson Capital” or the “Company”) announced that it received written notification on May 13, 2021, from The Nasdaq Stock Market LLC that it no longer meets Listing Rule 5550(b)(1). Listing Rule 5550(b)(1) requires Hudson Capital to maintain a minimum $2,500,000 in stockholders’ equity for continued listing. The Company reported in its last annual report Form 20-F for the period ended December 31, 2021 that its stockholders’ equity was $631,145. Under the Nasdaq Rules, the Company has 45 calendar days (no later than June 28, 2021) to submit a plan to regain compliance. If its plan is accepted, the Company will be granted an extension of up to 180 calendar days from the date of this letter to evidence compliance.

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